Happy Friday, readers! This week Merrill Lynch again
grabbed headlines for being an early mover on fiduciary rule reforms. The firm,
which in 2016 was among the first to announce it would halt sales of mutual funds
within its commission-based IRA platform, tells PLANADVISER it will continue to
move in that direction—with some important tweaks to its strategy now that the
Trump administration has delayed the new fiduciary paradigm. Get the full story,
as well as our latest coverage of industry litigation and regulation, below.